Cash Flow, Income and Expense, Commercial Enhancements and various complex equity waterfalls and many factors requires reasoned professionals to "size" up.

When you say 75/25 profit split, are you referring to waterfall cash flow above the 7%, or equity in the deal upon exit, both?

Some of the time however they will have a guy not put on an angle stop back on correctly during a rehab and leave for Disneyland*** so that you cannot reach them when your downstairs tenant calls you in a panic at 11PM on a Sunday night right after the ceiling collapsed in a big waterfall. 

I love to travel and have traveled extensively around the world - I've been to four continents and countless countries, I've climbed waterfalls (yes, that means going up against the water), kayaked with whales, and successfully avoided a police search party in Colombia (what happens in Colombia, stays in Colombia). 

The business provides 100% financing to flippers with no out-of-pocket cost to them, and offers a 9% preferred returns to our investors with waterfall participation.

I've had the most success with offering a preferred return followed by a waterfall after the pref is met.

The LP structure is much conducive to General partner waterfalls and varying classes of investors with different returns. 

Option 2: This is directly answering your question; you could do a 'waterfall' model of distribution of cash flow.

Custom waterfall - in basement!

Found a few that charged an arm and leg upfront (5.0% origination fee on commitment and in some cases collecting carry before full principal is repaid along with a hurdle in the payment waterfall).